Word: solvents
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...most of the world's new nations, expropriation and nationalization of private businesses are a constant threat. But not in Malaya, whose rubber-based economy has become the most solvent in Southeast Asia. Malaya's success stems from a rare Asian combination of government realism and business flexibility. Wisely its five-year-old government has resisted the temptations of nationalization and left the country's 3.500,000 acres of rubber trees in private hands, even though nearly half are foreign-owned. The owners have responded by changing their colonial ways and backing the government's efforts...
...gave it a lavish land-grant endowment, and grandly called it "Occidental University." After land values collapsed and enrollment plunged to twelve, Oxy became a "college." It survived a disastrous fire, and by 1905, the year when a poetic 18-year-old named Robinson Jeffers graduated, Oxy was solvent enough to dream of becoming "the Princeton of the West...
Back in 1958, New York's Commercial Solvents Corp. obviously thought it would get even more solvent by placing faith and credit in Billie Sol Estes. a rising young Pecos, Tex., wheeler-dealer. But by last week it was plain that doing business with Billie Sol was Commercial Solvents' worst mistake in a remarkable record of good, bad and indifferent commercial guesses...
...company got its start just after World War I, when it took over rights to a bacteria-fermentation process for producing a solvent used in artillery explosives; the process had been formulated by Dr. Chaim Weizmann, who years later became the first President of Israel. It was found that a by-product of the Weizmann recipe, butyl acetate, could be used in a marvelous, quick-drying lacquer for cars. Until the Weizmann patents expired in 1936. Commercial Solvents' picture was painted rosy...
...amount of private French capital flooding into Ivory Coast; the heavily laden coffee craft steaming out of Abidjan's harbor symbolize the preferential trade agreements that Paris renews year after year. France hands out $50 million in annual subsidies and other aid to help keep the little republic solvent-and pro-French. But Houphouet-Boigny needs little wooing, for he has been in love with France for years. He and his chic. Dior-dressed wife, Marie-Therese, 31, still keep a Paris apartment for holidays...